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Company Registration No. 08592968 (England and Wales)
DUCK AND DRY (LONDON) LTD Unaudited accounts for the year ended 31 July 2023
DUCK AND DRY (LONDON) LTD Unaudited accounts Contents
Page
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DUCK AND DRY (LONDON) LTD Company Information for the year ended 31 July 2023
Directors
Yulia Rorstrom Anastasiya Malysheva
Company Number
08592968 (England and Wales)
Registered Office
33 North Audley Street London W1K 6ZQ
Accountants
Pluto Consultancy Ltd 5 Warham Road Harrow Middlesex HA3 7JE
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DUCK AND DRY (LONDON) LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,114 
44,827 
Current assets
Inventories
9,301 
4,301 
Debtors
90,435 
41,049 
Cash at bank and in hand
52,861 
133,012 
152,597 
178,362 
Creditors: amounts falling due within one year
(168,566)
(181,247)
Net current liabilities
(15,969)
(2,885)
Total assets less current liabilities
17,145 
41,942 
Creditors: amounts falling due after more than one year
(364,000)
(350,000)
Net liabilities
(346,855)
(308,058)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(346,955)
(308,158)
Shareholders' funds
(346,855)
(308,058)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by
Yulia Rorstrom Director Company Registration No. 08592968
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DUCK AND DRY (LONDON) LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
DUCK AND DRY (LONDON) LTD is a private company, limited by shares, registered in England and Wales, registration number 08592968. The registered office is 33 North Audley Street, London, W1K 6ZQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Furniture & fittings etc - 25% on cost Computer equipment - 33% on cost
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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DUCK AND DRY (LONDON) LTD Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
43,985 
At 31 July 2023
43,985 
Amortisation
At 1 August 2022
43,985 
At 31 July 2023
43,985 
Net book value
At 31 July 2023
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
247,823 
4,387 
252,210 
Additions
8,984 
2,794 
11,778 
At 31 July 2023
256,807 
7,181 
263,988 
Depreciation
At 1 August 2022
202,996 
4,387 
207,383 
Charge for the year
23,059 
432 
23,491 
At 31 July 2023
226,055 
4,819 
230,874 
Net book value
At 31 July 2023
30,752 
2,362 
33,114 
At 31 July 2022
44,827 
- 
44,827 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,143 
8,592 
Amounts due from group undertakings etc.
1,489 
15,591 
Accrued income and prepayments
52,732 
13,508 
Other debtors
9,071 
3,358 
90,435 
41,049 
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DUCK AND DRY (LONDON) LTD Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
26,189 
37,034 
VAT
36,749 
40,235 
Trade creditors
45,682 
29,199 
Amounts owed to group undertakings and other participating interests
21,642 
4,513 
Taxes and social security
7,522 
35,494 
Other creditors
28,923 
28,312 
Accruals
1,859 
6,460 
168,566 
181,247 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
364,000 
350,000 
9
Transactions with related parties
Anatidae Holdings Ltd ( who owns 100% of Duck & Dry (London) Ltd) has funded the company with interest free long-term loan of £364,000 during the year.
10
Average number of employees
During the year the average number of employees was 21 (2022: 19).
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